ICICI Securities Ltd | Retail Equity Research Havells' core business and Lloyd recorded strong topline growth of 29% and 22% YoY, respectively, leading to total topline growth of 28% YoY in Q3FY19. Strong festive demand in the appliances category coupled with market share gain in the water heater segment drove the overall ECD performances while government led initiatives into infrastructure and electrification drove the performance of cable and switchgear segment. Under Lloyd, while the AC segment...